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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a bleak 48-87-130. The TSX Venture Exchange fell two points to 730 while polished diamond prices fell 0.2 per cent. Dominion Diamond Corp. (DDC) was strong today, gaining 42 cents to $12.16 on 420,000 shares, trading to a six-week high of $12.27. The company will reveal its third-quarter results early next month but investors are more bullish about the future.

It is back to the sampling grids for Dr. Leon Daniels and Graham Warren's Pangolin Diamonds Ltd. (PAN). Pangolin, down one cent to 5.5 cents on 89,000 shares, has not had much luck with several drilling programs on its big diamond projects in Botswana despite its having lined up some promising geophysical targets supported by kimberlite indicators, and even by a smattering of diamonds recovered from nearby soil samples.

At Motloutse in eastern Botswana, the company has finished another round of sampling the MSD grid, on the eastern part of the property. Pangolin has processed and sorted the samples, recovering several kimberlitic garnets and one diamond. Based on that encouragement, the company is extending its sampling grid into an area where sampling 20 years ago produced a diamond. Unfortunately, drilling at Motloutse during August failed to produce any kimberlites, forcing the company to eliminate "certain types of magnetic anomalies" from its target list.

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